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Dairy doldrums hit farm values
Dairy farm values are tumbling, according to data from the Real Estate Institute of NZ.
Dairy farm values are tumbling, according to data from the Real Estate Institute of NZ.
However, even the Reserve Bank's best case scenario sees farm prices fall by 20pc, while the worst case scenario would see a fall in land prices of 40pc.
A new strain of virus that could decrease the number of rabbits by 30 per cent is up for government approval.
World dairy prices went against market expectations and fell 2.9 per cent decline at the latest GlobalDairyTrade auction.
The South Island dairy processor will need to consider investing in expansion given the rapid growth of A2, analysts say.
Bank analyst has confidence in the sector's ability to adapt but says that some of those ill-prepared for the downturn will go to the wall.
It was an ominous sign when Prime Minister John Key wandered into his weekly post-Cabinet press conference and announced, "I've got a bit of a head cold."
Late start to the season means apple growers will face a race against time to have fruit picked, raising concerns about the availability of labour.
State-owned Landcorp and China's Shanghai Pengxin Group - the company that bought the distressed Crafar farms in 2012 - are about to part company.
Dairy farmers are bracing themselves for still more falls in product prices at tomorrow's Global Dairy Trade auction.
Asia's biggest economy looks to limit manufacturers to three labels and impose stricter safety procedures.
Synlait Milk has revised its forecast milk price for the 2015 / 2016 season from $5.00 per kilogram to $4.20.
Banks say more heavily indebted New Zealand dairy farmers will be asked to sell up as non-performing loans increase.
Dairy Farms NZ - likely to list on the NZ stock exchange, has been given permission to buy up South Island farms.
Leading international credit rating agency has downgraded its outlook for New Zealand's economy.
Wool prices rose at the first auction following the Christmas and New Year holiday period, helped by the lower New Zealand dollar.
El Nino is technically past its peak, but the true impact of the weather pattern looks likely to play out over the next few months.
Nearly 200 countries strike deal on how to combat climate change, but it's what the energy companies do next that could make or break the agreement.
Grabbing a bottle of milk from the supermarket was once a simple task.
Fonterra has maintained milk price at $4.60 per kilo, but scrapped a farmer support scheme.
Pressure is mounting on Fonterra to cut its farmgate milk price forecast at this week's board meeting, but it's looking like a close call.
Animal welfare group SAFE placed a graphic advertisement to shame NZ's dairy industry in the Guardian newspaper.
China is taking steps to genetically engineer its own food supply rather than growing it the boring old traditional way.
WATCH: Waikato farmer's impassioned defence of his fellow farmers following an expose on the "dark side of the farming industry".
MPI says an investigation into the alleged mistreatment of bobby calves had begun before news broke.
Investigator whose shocking video exposes cruelty in New Zealand's dairy industry says he was tipped off by concerned farmers.
Fonterra, Federated Farmers, the Ministry for Primary Industries and the Government need to take urgent action to stop cruelty in the dairy industry, writes Catriona MacLennan.
International dairy prices are at a "particularly bad" part of the cycle, but are expected to improve substantially in the first half of next year.
The August-September price bubble has popped, according to a dairy broker.